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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (21855)7/19/1998 8:13:00 AM
From: William H Huebl  Read Replies (1) of 94695
 
Bobby,

For over 2 years we have been saying tulipmania and no "pop."

RE: Techs... my take on the semis, a good measure of the techs, is that we have been in this place on a short term basis over 10 times in the past 4 years and we seem to get a strong pull-back before the move up. Long term, we have only been here once, mid-96, and it was up, up, and away from there.

I know editorializing (IS there such a word?) is tempting, but I find that sticking to the facts and using the probabilities of the "maybes" is more effective in trading. I am told bull markets last MUCH longer than anyone ever guesses so predicting the demise of this one may be premature.

BWDIK?

Bill
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